Developer the Statesmen Group is breaking ground on The Luxe, a $145 million luxury condo development in the Desert Ridge area of North Phoenix. The first phase of the project has sold 20 of the 30 homes available. The developer plans to announce the launch of the second-phase sales at the ground breaking event.

The Luxe features single-story, two- and three-bedroom condominiums ranging in size from 1,632 to 2,281 square feet and priced from the mid $700,000 range. The second phase will build 35 homes, with four additional development phases to follow.

The ground breaking ceremony is Friday, May 10, with city leaders, community groups, future residents and partners scheduled to be in attendance.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.